[aramchek]

They weren't up, any more than a life vest can make you fly. It just keeps you from sinking.

My wife also had issues with my PMs purchases last year. This last January I connived her into splitting a 20 oz. gold purchase with me.

This morning she had an 'oh my gosh' moment when I told her our PMs holdings were up $950 overnight. Our silver has done very well.

 

[aramchek]

Thing is, the stock markets are "up" also. Hard to say which is the better alternative to cash TODAY, but if both the markets and PM's fell it would be more pleasant to have a pile of "worthless" PM's to look at vs. paper titles to worthless paper assets (aka a bill of goods).

Correct. Instead of the PMs being 'up', it is just taking more $s to acquire a set amount of PMs.

Guess I shoulda said our PMs are maintaining their value very well against a poorly preforming $.

 

[aramchek]

Instead of saying "quantitative easing", let's use plain English:

Granting the banksters free digital money. Throwing good money after bad.

 

[aramchek]

As I say keep saying, don't count your eagles before they hatch.

I went to Target the other day to get one of those plastic storage bins for under the bed. $19 for a lousy Sterilite?? Prices must be 25% higher since I last got one a year or two ago.

So there you go -- a Silver Eagle barely gets you a Sterilite or Rubbermaid under-the-bed storage bin, and it barely got you one a couple years ago. Silver ain't going up so much as we're going down -- down the drain?

This isn't to knock PM's. It's just that I wouldn't celebrate them just yet. I expect we'll be in for some sticker shock soon.